For those keeping score, Apple (AAPL) has been the worst performing FAANG stock over the past week with a decline of 6.57%. Netflix (NFLX) is down the second most at -5.79%, while Alphabet (GOOGL) has held up the best with a drop of 3.47%. All five have of course moved lower within their trading ranges over the last week, but NFLX is the most oversold, while Amazon (AMZN) is also trading just into oversold territory. Even with its recent drop, Apple (AAPL) has managed to hang above support at its 50-day moving average. Start a two-week free trial to Bespoke Premium to access Bespoke’s most actionable research reports.
Below is a look at six-month price charts for the five widely-followed FAANG names. While AMZN has broken below its 50-day moving average, it has managed to hold above support at its 200-day this week. Netflix, on the other hand, is well below both its 50-DMA and its 200-DMA, and the last time it tested its 200-DMA, it failed miserably.